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Bermuda-based insurer and reinsurer AXIS Capital Holdings Limited has announced the appointment of Pauline Morley as Head of E&O in the US, effective immediately. In her new role, Morley will be in charge of leading the growth and advancement...
Posted: Apr 19, 2024
Findings from the recent report by the Capgemini Research Institute highlight that although 62% of insurance executives recognize the positive impact of AI/ML on underwriting quality and fraud reduction, many P&C underwriters remain sceptical...
Posted: Apr 19, 2024
Allianz Commercial has announced the promotion of Alex Ktenidis to the senior role of director of digital trading and Allianz Legal Protection (ALP). In his new capacity, Ktenidis will lead the profitable growth of Allianz’s digital trading and le...
Posted: Apr 19, 2024
Progressive Gains as Drivers Shop Around f...
Posted: Apr 19, 2024
Blue Ocean Reinsurance Group, a newly established managing general agent (MGA) platform, has announced the appointment of Chad Smith to the position of Chief Accounting Officer. In this capacity, Smith will oversee Blue Ocean Re’s accounting...
Posted: Apr 19, 2024
Insurance Business Magazine - US
Posted: Apr 19, 2024
Ivans, a division of Applied Systems, has released the Q1 2024 results from the Ivans Index, showing a spike in premium renewal rate change for all major commercial lines of business except Workers’ Compensation, year over year. The average premiu...
Posted: Apr 19, 2024
Speciality managing general agent (MGA) Optio Group has announced the appointment of Heather Goodhew as an independent non-executive director (INED). Having held senior positions in re/insurance for over three decades, Goodhew brings a wealth of o...
Posted: Apr 19, 2024
The southern African region is currently facing one of the worst droughts it has seen in decades, with millions said to be facing extreme food insecurity and water shortages, amidst a growing climate crisis, fuelled by the El Niño weather phenomen...
Posted: Apr 19, 2024
With its personal lines business benefiting from the impact of rate increases earning into the book, and the commercial lines insurance premium changes staying in double-digits, Travelers reported $1.1 billion in net income for the first quarter. Sti...
Posted: Apr 19, 2024
Tampa-based Slide Insurance has named former Farmers Insurance vice president Charles “Chas” Powell to be senior vice president of sales. Powell has more than 20 years in the industry and began his career at his family’s insurance a...
Posted: Apr 19, 2024
UK broker and underwriter Jensten has secured over £170 million in new borrowing facilities over the past six months, cementing the firm’s commitment to advancing its growth plans throughout 2024 and beyond. Ultimately, this £170 million funding b...
Posted: Apr 19, 2024
A federal appeals court has sided with three chiropractors in ruling that claims under New Jersey’s personal injury protection statute concerning insurance fraud are subject to arbitration. GEICO has lost its bid to pursue litigation alleging f...
Posted: Apr 19, 2024
Developers, suppliers, and users of artificial intelligence must comply with existing state consumer protection, anti-discrimination, and data privacy laws, the Massachusetts attorney general cautioned Tuesday. In an advisory, Attorney General Andrea...
Posted: Apr 19, 2024
Risk Strategies named Bryan Newman private client services leader for the West region. He will manage the region’s sales and service teams and key carrier and third-party relationships. Newman has more than 15 years of experie nce. Most recentl...
Posted: Apr 19, 2024
Pennsylvania utility regulators must turn over inspection records to the National Transportation Safety Board as part of the federal agency’s probe into a fatal explosion at a chocolate factory last year, a federal judge ruled this week. U.S. D...
Posted: Apr 19, 2024
Pennsylvania utility regulators must turn over inspection records to the National Transportation Safety Board as part of the federal agency’s probe into a fatal explosion at a chocolate factory last year, a federal judge ruled this week. U.S. D...
Posted: Apr 19, 2024
Several lawsuits in California were filed again Ovation Fertility, a large network of fertility clinics, were filed by former patients whose embryos were destroyed due to a reported critical error at the company’s Orange County branch. The laws...
Posted: Apr 19, 2024
This post is part of a series sponsored by TSIB. Often, the terms named insured and additional insured get lumped together to be interchangeable. However, that is not the case. Keep reading to learn about each one! 1. First Named …
Posted: Apr 18, 2024
A client is purchasing half of a duplex to rent on a long-term lease. The underwriter says that coverage should be written on an HO3 policy with an endorsement providing coverage for rental to others.
Posted: Apr 18, 2024
Nationwide’s Ting program helps protect families and homes by predicting and preventing hazards, while engaging and delighting customers and generating valuable data insights.
Posted: Apr 18, 2024
As Chief Distribution Officer for its Individual Solutions division, Carney will spearhead distribution strategy for the Transamerica’s life insurance, annuities, and mutual fund products.
Posted: Apr 18, 2024
By connecting to manufacturers, insurers and their clients can realize the kinds of advantages in underwriting and risk mitigation resulting from increased data collection from automobiles during the past decade.
Posted: Apr 18, 2024
The company plans to launch in Canada before the end of this year.
Posted: Apr 18, 2024
Cushing most recently worked at Silicon Valley Bank and Loews Corporation.
Posted: Apr 18, 2024
Cat Losses, Auto and HO Price Hikes Continue at Allstate The Allstate Corporation announ...
Posted: Apr 18, 2024
California’s already strained property insurance market is facing a new challenge as two more insurers, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co., plan to withdraw from the wildfire-prone state entirely starting in July...
Posted: Apr 18, 2024
Insurance Business Magazine - US
Posted: Apr 18, 2024
Insurance Business Magazine - US
Posted: Apr 18, 2024
Assurant has partnered with Lloyds Banking Group to offer mobile and device trade-in services.
Posted: Apr 18, 2024
Study: Average Cyber Breach Insurance Coverage Gap is 350% A new study released this...
Posted: Apr 18, 2024
GEICO Tops List of Mobile Insurance Apps A new report evaluating the mobile apps and mobile websites of the top 12 U.S. auto and property insurance carriers, found that GEICO's was the best for overall for its mobile user experience, ...
Posted: Apr 18, 2024
The Supreme Court Just Complicated Employer Diversity Initiatives The U.S. Supreme Court's rulin...
Posted: Apr 18, 2024
Gallagher Re report finds that Q1 2024 natural catastrophe losses are down from a year earlier, as industry awaits a potentially more active storm and hurricane season The post
Posted: Apr 18, 2024
Marsh McLennan reported a better-than-expected quarterly profit on Thursday, helped by an increase in interest income the insurance brokerage earned from funds held on behalf of clients. The company’s shares rose about 2% to $201 before the bel...
Posted: Apr 18, 2024
CFC, the London-based specialist insurer, announced it has agreed to acquire Australian managing general agent, Solution Underwriting. Financial details of the deal, which is expected to complete on April 30, 2024, were not disclosed. CFC has been tr...
Posted: Apr 18, 2024
The world’s leading group of asset owners committed to turning their investment portfolios green said on Thursday it had set guidance for private assets for the first time and would also look to improve assessment of emissions tied to sovereign...
Posted: Apr 18, 2024
Insurance Business Magazine - US
Posted: Apr 18, 2024
Insurance Business Magazine - US
Posted: Apr 18, 2024